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Express Inc. loss widens during coronavirus pandemic

Added 06-03-20 08:04:02am EST - “Express? Inc. on Wednesday reported a wider first-quarter loss? as the Covid-19 pandemic hit the retail industry, but the company said it is continuing the phased re-opening of its stores.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Express Inc. loss widens during coronavirus pandemic”. Below is an excerpt from the article.

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Express Inc. on Wednesday reported a wider first-quarter loss as the Covid-19 pandemic hit the retail industry, but the company said it is continuing the phased re-opening of its stores, which began on May 1.

In the thirteen weeks ending May 2, the Columbus, Ohio, fashion-apparel retailer reported a quarterly loss of $154.1 million, or $2.41 a share, compared with a loss of $9.9 million, or $0.15, for the same period last year.

Sales fell to $210.3 million from $451.3 million. Analysts polled on FactSet had forecast sales of $289.7 million.

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